The Relationship Between Mental Effort and Social Value Orientation in Resource Allocation Problems

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Resource allocation tasks are a central focus of game theory, where a player must allocate a limited set of resources among himself and others. Resource allocation tasks in game theory provide a framework for analyzing strategic decision-making in various economic, political, and social contexts. The Social Value Orientation (SVO) index is a concept used in social psychology to describe the degree to which individuals prioritize their interests over the interests of others in social dilemmas. In resource allocation tasks, the SVO may be used as an indicator to evaluate player’s behavior. In this study, an experimental set-up was built to examine the relationship between the player’s SVO index and his mental effort, which is measured by evaluating the Theta to Alpha ratio based on an EEG measurement. The results show a significant linear relationship between the player’s SVO value and its mental effort. That is, the smaller the SVO value (a more competitive player), the greater the mental effort he invests in the resource allocation task.

Original languageEnglish
Title of host publicationInformation Systems and Neuroscience - NeuroIS Retreat 2023
EditorsFred D. Davis, René Riedl, René Riedl, Jan vom Brocke, Pierre-Majorique Léger, Adriane B. Randolph, Gernot R. Müller-Putz
PublisherSpringer Science and Business Media Deutschland GmbH
Pages205-211
Number of pages7
ISBN (Print)9783031583957
DOIs
StatePublished - 2024
Event15th Annual NeuroIS Retreat, NeuroIS 2023 - Vienna, Austria
Duration: 30 May 20231 Jun 2023

Publication series

NameLecture Notes in Information Systems and Organisation
Volume68
ISSN (Print)2195-4968
ISSN (Electronic)2195-4976

Conference

Conference15th Annual NeuroIS Retreat, NeuroIS 2023
Country/TerritoryAustria
CityVienna
Period30/05/231/06/23

Keywords

  • EEG
  • Resource Allocation
  • Social Value Orientation
  • Theta/Alpha Ratio

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